Update on Bitcoin (BTC) Support and Resistance Levels – May 13, 2025
Bitcoin is currently trading at $104,234, with a slight decline of -0.91% during the day. Here are the key support and resistance levels based on the current market structure and moving averages:
Resistance Levels:
$105,819 – Recent local peak, forming strong resistance. Breaking this level could push the price towards $107,187, which is the next resistance area.
$104,629 – Highest level in the last 24 hours, considered a minor resistance within short time frames.
Support Levels:
$102,631 – 7-day moving average (MA7), acting as dynamic support. Maintaining this level could strengthen the upward momentum.
$100,718 – Lowest price in the last 24 hours, representing an important psychological support. Breaking this level could lead to testing stronger support at:
$95,953 – 25-day moving average (MA25), a key trend line to watch in case of a break.
$89,836 – 99-day moving average (MA99), long-term and strong support.
Conclusion:
As long as Bitcoin remains above the $102K level, the upward trend is still intact. However, the price needs to break $105.8K to continue the upward momentum. Traders should monitor $100.7K as a short-term support level to avoid a deeper correction.